Nickel

Dundas commences gravity survey at WA Jumbuck project

Thu 26 May 22, 12:44pm (AEST)
File photo: in-situ Nickel deposits
Source: File photo: in-situ Nickel deposits

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Key Points

  • Dundas Minerals has launched a 118sq.km geophysical survey at its Jumbuck project targeting nickel deposits
  • Program is expected to take two weeks to complete
  • May 2022 survey to improve target resolution on previous survey conducted last October, promising drill results

Dundas Minerals (ASX:DUN) has commenced a ground gravity geophysical survey at the company’s nickel project, called Jumbuck, north of Esperance in southeast WA. 

The survey is seeking to better define the dimensions and geology of nickel mineralisation detected on-site via initial drilling completed by the company earlier this month. 

A separate survey was conducted back in October of 2021 where the company used a wider-spaced survey methodology; the objective of today’s announced survey program is to better narrow the scope of results surrounding nickel deposits at the Jumbuck acreage. 

(Source: Dundas Minerals) Geoimagery covering the company's project acreage
(Source: Dundas Minerals) Geoimagery covering the company's project acreage

Detailed survey narrowing in on nickel deposits

The survey is to be conducted at a line spacing interval of 500m and a reading station interval of 100m, a total of 2,480 stations are planned and the survey is to be wrapped up in early June. 

Dundas is hopeful the new survey will allow enhanced exploration targeting by the company’s geologists. It is seeking to better define inferred mafic and ultramafic intrusions within and adjacent to the Jumbuck prospect project boundary envelope. 

Contractors fast-tracked to site 

Management noted that survey contractors Atlas Geophysics were operating nearby in the area. 

“We are very encouraged by results from the drilling campaign and this survey will greatly assist further exploration,” managing director Shane Volk commented. 

“Atlas Geophysics was working nearby and we have been able to quickly mobilise them to the Jumbuck area for this survey.” 

Dundas Minerals is currently trading a discount to where it sat only a month ago at 16.5c; the share price is today trading at 12.5c. 

Dundas Minerals is currently trading at a discount to the materials index (XMJ)
Dundas Minerals is currently trading at a discount to the materials index (XMJ)

 

Written By

Jonathon Davidson

Finance Writer

Jonathon is a journalism graduate and avid market watcher with exposure to governance, NGO and mining environments. He was most recently hired as an oil and gas specialist for a trade publication. Email Jon at [email protected].

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